The number of operating airports in India is expected to double in the next decade as the government races to meet the growing demand of the country’s aviation market.

Civil Aviation Minister Suresh Prabhu said on Tuesday that as many as 100 new airports would be built in the next 10 to 15 years for about $60 billion. The airports will be constructed through public-private partnership, he explained.

Moscow and New Delhi have agreed to extend their peaceful nuclear energy business.

Russia’s Rosatom will build new sites in India, according to an agreement signed during Russian President Vladimir Putin’s visit to India.

“The parties plan, in particular, to develop the project on construction of six Russia-designed nuclear power plant units in India at the new site, to expand cooperation in third countries and cooperation in new promising areas in the nuclear power industry,” the press release from Rosatom said.

India will remain the world’s fastest-growing economy as the country begins reaping the rewards of the ongoing structural reforms, according to Ranil Salgdo, the IMF’s mission chief for India.

Solgado described India’s $2.6 trillion economy as an elephant that is starting to run. Growth of the world’s sixth-biggest economy is expected to soar to 7.3 percent in the current fiscal year, ending in March 2019, and 7.5 percent next year. The current pick-up reportedly follows a drop to 6.7 percent in the previous fiscal year.

American laws are their own matter locally and have nothing to do with India, the country’s defense chief said, refusing to bow to a US sanctions threat over its planned purchase of Russian S-400 air-defense systems.

New Delhi has relayed to Washington that the threat of unilateral US sanctions will not have an impact on its decision on the possible purchase of S-400 Triumf air defense missile systems from Russia.

“We have told the US Congress delegation that this is US law and not a UN law,” India's defense minister Nirmala Sitharaman noted, apparently referring to a US federal bill that was implemented in 2017.

Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times.

The paperreports that US sanctions are hampering $2 billion in defense deals between Russia and India, as payments are getting stuck. The countries are seeking to avoid this by switching to settlements in domestic currencies and ditching the greenback.

An affiliated company under China's top train maker CRRC Corporation has acquired a subway train order from Nagpur, India, the company said Sunday.

A total of 69 train coaches will be produced by CRRC Dalian for subway operations in Nagpur, the largest city in central India, according to an agreement signed by the company and a local subway company.

Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere.

The U.S. Company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information technology minister. Apple executives met with him in January and confirmed the timeline, he said in an interview.

Nearly 20 million Indian middle-class taxpayers will get a 50 percent cut in their income tax, according to the annual budget revealed by Finance Minister Arun Jaitley.

The tax rate for people with income of 250,000 rupees ($3,700) to 500,000 rupees ($7,400) a year, as well as tax for small and medium-sized businesses with annual turnover of up to 500 million rupees ($7.4 million) has been reduced to five percent from the current ten percent.

Those who earn less than 250,000 rupees ($3,700) a year will pay nothing.

The larger incomes of above 500,000 rupees are now assessed a 30 percent tax rate.

“We are largely a tax non-compliant society. The predominance of cash in our economy makes it possible for people to evade taxes,” said Jaitley.